Memecoins should not be taken seriously...no need to fret about them

[KryptoBell]

In my opinion, any one buying meme for whatever purpose should trade/invest on the most popular and strong meme projects with good trading volumes and marketcap. A meme with large community and has been on top position on Coinmarketcap are more advicable to engage on trading and investing activities.
In facts, for serious trading and investing purposes, trade meme cois that has already gained some trust from the crypto community, and not any meme coins that may turn a pump and dump scheme.

That is why if you are interested in investing or trading meme coins with a plan of having them in the medium to long term, it will be wise to target cryptocurrencies with large communities and healthy market caps. Cryptocurrencies that trade significantly as Dogecoin or Shiba Inu are less sensitive to market volatility and have the confidence of the public. It is especially sage to refrain from investing in coins that are in the middle of a pump and dump cycle since there are even more significant opportunities for profit making than there are for losses. This way you avoid to immerse yourself in swings in price that affect established projects, which are more probable to correction than a new trending project.

Fair take, the market cap of a token do matter as well as community strength but i’ve seen those use use the early buys strategy and made reasonable gains, they take advantage of the hype to know when to buy. For me, it’s all about understanding the market and having emotional control. Most traders who end up losing don’t know when to take profits, greed is another problem.

[Mr. Magkaisa]

Considering that until now the risk of holding memecoin is very large, it should only be bought by professionals with full awareness... but seeing many people from many circles who buy memecoin for gambling purposes, it is very scary... many people lose because of memecoin, while the media only distributes the winners.. that's how the memecoin industry continues to thrive, where every detrimental thing is always made uninteresting to be published, while the profitable things are always exaggerated... this marketing strategy has proven to be very good and even trash memecoin still survives until now...

I agree not to take memecoin seriously, because the developer is not serious about making this project with a useful use case... why put high hopes on something that can't even be relied on...

In my opinion, any one buying meme for whatever purpose should trade/invest on the most popular and strong meme projects with good trading volumes and marketcap. A meme with large community and has been on top position on Coinmarketcap are more advicable to engage on trading and investing activities.
In facts, for serious trading and investing purposes, trade meme cois that has already gained some trust from the crypto community, and not any meme coins that may turn a pump and dump scheme.

          -     That's also what others don't understand, actually if we really know something about trading even if it's meme coins, for sure we can still get a profit in the short-term, just not long-term, especially if the meme coins we are investing in are new.

Now, if the marketcap is good, daily volume is also good for sure to do trading activity, as long as we really have an idea or knowledge about trading because if we don't, we will definitely be liquidated in the end.